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Latin America Update: Marijuana business developments in Chile and Argentina

(As Marijuana Business Daily ramps up its coverage of the global cannabis market, it’s launching a series examining recent marijuana legalization and business developments worldwide. The first few installments will focus on Latin America, starting with Chile and Argentina.)

While Canada and the United States dominated marijuana headlines over the past year, their neighbors in Latin America also made some waves.

Though business and investment opportunities are not nearly as strong as they are in the United States and Canada, Latin American countries are making progress that paves the way for such opportunities down the road.

And some foreign companies – particularly those that can export cannabis and related products – have been able to capitalize.

Here’s a look at recent developments in two Latin American countries, Chile and Argentina.

CHILE

Snapshot

Chile has the highest cannabis consumption rates per capita in Latin America as well as the largest